NFT Flip

Today marks the end of the week 1 Star Atlas NFT sale, and I’ve been trying to figure out what sort of plan I’m going to put in place. I spent some time this morning trying to figure out how many I would have to sell in order to flip my way up the ladder. I calculated what it would take if I was able to get 200% and 150% of the original purchase price. This is if I wanted to have two of the fourteenth poster, one I could sell.

The game theory on this one is hard to work out. We’ve got both Solana and Ethereum mainnets, and no way to bridge assets from one to the other — yet. I assume the Star Atlas bridge will be one-way, but haven’t confirmed that yet. They also haven’t launched the market yet, so OpenSea is the only real place to sell them at this time.

If I hold to my risk profile, I’ve got enough funds to buy a dozen of the first three posters, but that doesn’t account for gas costs to manage the sale, or bridge costs if I eventually have to send them over to Solana and put them to use. It’s a risk, and I’m not sure quite what I’m going to do yet.

There have been a few thousand posters sold on the Solana marketplace, but only a hundred or so on OpenSea. I think Opensea is more likely to appeal to people who are interested in the NFTs so much more than the in-game items. And the starting cost for fourteen posters is only $900, so I think I may go ahead and move forward with that now and see what I can do.

SAIA Dao launch

We are truly living in the future

Well, I feel pretty good about things. I managed to summon SAIA Dao last night with fifty members. I may have padded that with one or two friends without their permission just to make that a nice round number, but anyways. I don’t even know how many hours I spent on the proposal itself, trying to get people on board, and just shilling the hell out of it in the official SA channel, but I think it’s going to work out OK.

I decided on a proposal velocity of twenty-four, since that will allow us to process new member requests and tribute proposals (dao funding) at a pretty quick pace over the next few weeks. Voting periods are five days and grace periods are two. I made one small flub, and didn’t notice that the primary token is not xDAI, but wrapped xDIA. Wrapping it is pretty easy to do via WrapEth, so it’s just a minor annoyance.

DaoHaus has a number of boosts available, including a Discourse subtopic, which will save some money to start with and allow us to break out some of the formal discussions out of Discord. The Discourse server is configured with, which allows one to login using their Ethereum address or an NFT. I had not previously heard of cryptoauth, but seems like an awesome project that replaces OAuth and uses (another awesome service that I’d never heard of).

These type of services, using NFTs and Eth addresses for authentication, really open up some interesting possibilities. Star Atlas is using NFTs for their game system, we already knew that ships and loot would be tokens, but a look at their Genesis rewards indicates that they may be used as some sort of credentialing system for rank.

This brings up some interesting scenarios for guild management. Services like Collab.Land allow you to create token-permissioned chats in Discord using ERC20, 721s, or POAP tokens. It can basically allow server roles based on tokens in your wallet. Completely fascinating.

And if that wasn’t completely bonkers enough for you, here’s an NFT Discord Bot that allows you to mint an NFT by uploading a file to Discord. You can create multiple copies, send them to other Discord IDs and move them to mainnet. It runs on a sidechain called webaverse, which is a “virtual world built with NFTs”. These possibilities are incredible.

As far as the xDAI chain goes, it looks like the most developed project out there for creating NFTs is Cargo, which has pretty slick project management and token creation tools available. I messed around with it a bit last night, but didn’t really get around to doing to much with it, but you can embed audio, video, 3D files within the NFT as publicly available files, or lock private ones that are only accessible to the owner.

Basically, to sum up a pretty winding post, we could use Cargo to mint membership or rank NFTs for the Interstellar Alliance members, and use them as keys to unlock access to forums or provide other permissions within Discord or other applications. This type of stuff is part of a broader conversation that’s been going on with identity and web3 that’s pretty cutting edge.

If we are going to build truly permissionless, decentralized systems, then we’re going to need new identity services that don’t rely on Gmail, or Facebook, or even our state-mandated IDs.